With low exchange fees. Okx On Tradingview … With an account at, you can quickly purchase crypto using a card, bank account, or mobile wallet. When participating in staking or saving features, it likewise offers remarkably high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with additional workplaces around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
The website claims over 20 million users in more than 100 countries. They don’t take users from the United States due to regulative and compliance issues.
You can produce an account that gives you access to trade 343 spot currencies if you’re in an area that works with OKX.
also supports margin loaning, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, such as mining swimming pools and its own blockchain, called OKExChain. might work as an exchange you use in addition to a third-party cryptocurrency wallet or your main place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough room to note them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into various prices tiers that differ based upon trade volume and account holdings. For area trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency might get approved for discount rates. Futures, swaps, and options have their own rate schedules with varying charges.
One huge drawback of is that it doesn’t disclose charges for withdrawals and deposits. While much of is transparent, covert expense information are a red flag that might send you to another exchange with transparent fee schedules.
Cryptocurrency deals are typically one-way and can’t be reversed, so constantly double-check transaction details prior to continuing. You likely will not recover any funds if you mistakenly send out funds to the wrong wallet address.
Cryptocurrency exchanges have some distinct security issues you do not normally confront with standard banking platforms. Nevertheless, the very best practices for keeping your financial accounts safe and secure are similar. These include utilizing strong passwords special to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for most customer possessions. It likewise has offers additional functions like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody beyond the United States. You will discover a familiar experience at OKX if you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account.
wished to purchase apecoin at this level put our stop loss down at this level significance that if we’re wrong and it continues moving down we’re offering our position and that we wish to take earnings at this level what we want to do is find the difference in between these values which’s going to provide us.057 then we’re going to take the dollar quantity risk we wish to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Okx On Tradingview
difference between the entry and the stop alright which’s going to give us the amount of tokens that we need to buy in order to run the risk of only 10 dollars alright if we’re simply sharing 250 coins or a thousand coins we’re never ever going to be able to dial in our risk reward and you’re going to absolutely screw yourself so make sure that you’re not doing that you need to have actually that set dollar amount all right so that suggests that in order to discover the capital requirement or the quantity of money that we require for this trade we have to take the quantity of coins and multiply it by the entry rate which is this level here fine so in this case we’re going to take 175 coins increased by 3.35 and that’s going to offer us 587 dollars then we need to be able to enter into this position when we’re using take advantage of the only thing it’s changing is how much money we personally require to put into the trade so if I have a hundred dollar account and I use a 100x utilize that means now I have ten thousand dollars to use all right because if we only had a hundred dollar account fine this 587 is currently 5x the size of our cash value of our account that makes it difficult okay so let’s visit buy bit here let’s say we want to take this ape trade here alright we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now view what happens when we open our take advantage of fine and you’re gon na get this warning that the liquidation is high fine as long as you’re quantifying you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the best thing all right so now just thing that we require to use for this position is twelve dollars which is 12 of our whole account all right so this leverage capability is changing nothing about the danger profile on the trade all right if you plan on trading anyways use the recommendation Link in the description fine every week we do a giveaway where anyone trading with 50k volume or higher is
going to be instantly gotten in to win a hundred dollars weekly we’re selecting 3 winners a week all right we’re attempting to offer the fees that we’re gathering from the affiliate program back into the neighborhood for you people trading with us connect is below you can check out our Discord where we reveal the winners alright prior to we hop into the trading system that you can utilize to begin taking these trades I wish to review the guidelines that I would advise using when growing a little account okay so the very first guideline is begin with the dollar amount threat per trade 10 of starting balance on a hundred dollar account use that ten dollar danger all right each time you double the account so when you go to 100 approximately 200 okay you want to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and utilize that there till we scale our account up a bit bigger the third thing and this is incredibly crucial is everyone has a psychological limit when it pertains to just how much cash they’re comfortable running the risk of if I’m looking at losing 500 like this 500 500 where I lose three trades in a row I don’t care who you are or what the math says you’re going to start feeling a bit emotional about the trades which’s something that you really wish to avoid till you come comfy doing that fine so say you work your method as much as 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade and that’s too much for you okay you can walk that pull back to fifty dollars per trade pick that repaired quantity once you want to preserve your capital and simply select a goal per day on
the cash that you want to make as soon as you get up to a comfortable limit where it’s fitting your income objectives so for me personally you know I like to make three that 3 to 5 thousand dollars weekly so I’m utilizing you know about 2.5 percent of my whole account balance right around twenty thousand dollars that I keep in my account and then I’ll increase it you know a couple years from now go up to a thousand try to make 3 to 5 thousand per trade and try to double my income okay so let’s enter into the bread and butter of the actual trading this is a system that I’ve been trading the marketplaces with for the past couple months that have definitely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was in fact in Dubai okay however what I want to do is discover a location where I have a recently established uptrend first thing that I wish to do is determine my wave count all right so if this is our beginning
first pullback is 2 biggest waves as much as 3 pullback is four and then the high is 5 and the way we can try to find the top of five is by utilizing a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click here click back here and after that find my element of one and you can see the rate action sort of Consolidated right along this level if we take a Fibonacci retracement off of this level and increase to the high of one if our rate action boils down through